MSTR was the playbook

We are finally seeing someone copy MSTR.

After the stock more than doubled I would have thought we would have seen more copy cats.

We haven't.

Until now.

Metaplanet had been using profits to buy bitcoin, which is all well and good but it was limited.

Now, they are using debt and quity to pick up more bitcoin a la MSTR.

(Source: https://x.com/BitcoinNewsCom/status/1848763748997337127/photo/1)

To that, I say it's about time!

Why aren't more doing this same exact thing?!

I think more and more will, eventually.

For now, it's just these two.